{"id":2084,"date":"2017-04-03T11:21:25","date_gmt":"2017-04-03T15:21:25","guid":{"rendered":"http:\/\/www.ipoboutique.com\/blog\/?p=2084"},"modified":"2017-04-03T11:25:52","modified_gmt":"2017-04-03T15:25:52","slug":"march-2017-ipo-boutique-track-record-recap","status":"publish","type":"post","link":"https:\/\/www.ipoboutique.com\/blog\/march-2017-ipo-boutique-track-record-recap\/","title":{"rendered":"March 2017 IPO Boutique Track Record Recap"},"content":{"rendered":"

SUBSCRIBE TO IPOBoutique\u2019s Free Weekly Newsletter\u00a0<\/a><\/h3>\n

The IPO market was active in March as all ten deals that launched came to market and raised a total of $5.2bn.\u00a0\u00a0This included the $3.4bn cash raise from Snap Inc. (NYSE: SNAP)<\/strong>\u00a0which was the largest cash raise since Alibaba (NYSE: BABA)\u00a0raised $21.8bn in September 2014.<\/p>\n

Three\u00a0deals priced above range and\u00a0two\u00a0priced below range in March.\u00a0The average gain at first trade was 17.4% above the offering price with the month’s best deals being MuleSoft and Snap\u00a0with gains of 42.6% and 41.2%, respectively,\u00a0at first trade.<\/p>\n

Compared to 2016, the IPO market is well-ahead of last year’s pace. There have been 24 deals that have come to market in 2017 versus six that came to market in this same period in 2016.<\/p>\n

This post will allow us to post our results and emphasize the value of IPOBoutique’s senior managing partner Scott Sweet’s ratings. You can check out\u00a0our entire track record at this link.<\/a><\/strong><\/p>\n

\"March<\/a><\/p>\n

Five-Rating<\/span><\/strong><\/p>\n

We consider these IPOs to be the best of the best. In our nine years of keeping a track-record we have given just 14 \u2018five-ratings\u2019 and all 14 have hit their respective targets. However, in March\u00a02017, we did not give a \u2018five\u2019 rating.<\/p>\n

Four-Rating<\/span><\/strong><\/p>\n

We consider these IPOs to be very strong buys and we anticipate 1-to-2 points of premium or higher in the first week of trading. \u00a0In March\u00a02017, we gave four ‘4’ ratings and the group (Snap Inc, Canada Goose, MuleSoft & Alteryx)<\/strong>\u00a0averaged a 37.0% return above the offering price at first trade. All four hit their respective targets It should be noted that these were our first ‘4’ rated deals since October 2016.<\/p>\n

Three-Rating\u00a0<\/span><\/strong><\/p>\n

We consider these IPOs to be moderate buys and we anticipate 1\/2 to 1 point premium or more likely in the cases of these new issues. This past month four deals debuted that we rated as a ‘three’ with an average return of 5.8%\u00a0above the offering price. The best ‘3’ rated deal this month was Ardagh Group<\/strong>\u00a0which opened $2.95 above its $19.00 offering price for a 15.5% gain at first trade. We have given eight IPOs in 2017 a ‘3’ rating and those have produced, on average, a premium of $1.36 above the offering price at first trade.<\/p>\n

Two-Rating<\/span><\/strong><\/p>\n

We consider these IPOs to be \u201cneutral\u201d and thus do not have a particular point threshold to hit in order for us to deem it as \u2018hitting its target\u2019. We gave\u00a0two\u00a0deals a ‘two-rating’ this past month and these deals had an average return of $0.25 above the offering price at first trade. So far in 2017 we have given a total of eight IPOs a ‘2’ rating and those six have produced, on average, just a $0.14 return above the offering price at first trade.<\/p>\n

One-Rating<\/span><\/strong><\/p>\n

We advise our subscribers to avoid these IPOs as we consider them to be risky. In our nine years of keeping a track-record we have given just 49 \u2018one\u2019 ratings. In March, we did not give a \u2018one\u2019 rating.<\/p>\n

IPOBoutique.Com provides comprehensive research, ratings and daily advisories on new issues hitting the IPO market. To subscribe to IPOBoutique’s service:\u00a0click here.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

SUBSCRIBE TO IPOBoutique\u2019s Free Weekly Newsletter\u00a0 The IPO market was active in March as all ten deals that launched came to market and raised a total of $5.2bn.\u00a0\u00a0This included the $3.4bn cash raise from Snap Inc. (NYSE: SNAP)\u00a0which was the largest cash raise since Alibaba (NYSE: BABA)\u00a0raised $21.8bn in September 2014. Three\u00a0deals priced above range[…]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"zakra_general_container_width":0,"zakra_general_content_width":0,"zakra_general_sidebar_width":0,"zakra_sticky_header":"customizer","zakra_header_main_area":true,"zakra_site_logo_width":0,"zakra_header_top_enabled":"customizer","zakra_header_top_style":"customizer","zakra_primary_menu_item_style":"customizer","zakra_page_header_text_color":"","zakra_page_header_layout":"customizer","zakra_page_title_bg":"","zakra_footer_widgets_bg_image":0,"zakra_page_title_bg_repeat":"customizer","zakra_page_title_bg_position":"customizer","zakra_page_title_bg_size":"customizer","zakra_page_title_bg_attachment":"customizer","zakra_breadcrumbs_enabled":"customizer","zakra_breadcrumbs_text_color":"","zakra_breadcrumbs_separator_color":"","zakra_breadcrumbs_link_color":"","zakra_breadcrumbs_link_hover_color":"","zakra_page_title_bg_image":0,"zakra_footer_widgets_enabled":"customizer","zakra_footer_column_layout_1_style":"customizer","zakra_footer_widgets_bg":"","zakra_footer_widgets_bg_repeat":"customizer","zakra_footer_widgets_bg_position":"customizer","zakra_footer_widgets_bg_size":"customizer","zakra_footer_widgets_bg_attachment":"customizer","zakra_footer_bar_enabled":"customizer","zakra_footer_bar_style":"customizer","footnotes":""},"categories":[24,165],"tags":[1106,1090,1144,1070,1058,1071,1105,1092,82,1026],"class_list":["post-2084","post","type-post","status-publish","format-standard","hentry","category-ipo","category-monthly-recap","tag-ard","tag-ayx","tag-bysi","tag-goos","tag-hlne","tag-jill","tag-mule","tag-psdo","tag-pump","tag-snap"],"_links":{"self":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/2084","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/comments?post=2084"}],"version-history":[{"count":3,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/2084\/revisions"}],"predecessor-version":[{"id":2088,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/2084\/revisions\/2088"}],"wp:attachment":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/media?parent=2084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/categories?post=2084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/tags?post=2084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}